TIAA CREF Investment Management LLC Lowers Holdings in Eros International PLC (EROS)
TIAA CREF Investment Management LLC trimmed its position in Eros International PLC (NYSE:EROS) by 13.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 74,968 shares of the company’s stock after selling 11,692 shares during the quarter. TIAA CREF Investment Management LLC owned 0.18% of Eros International PLC worth $858,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the business. Gilder Gagnon Howe & Co. LLC purchased a new stake in shares of Eros International PLC during the 2nd quarter worth $28,711,000. Tudor Investment Corp ET AL purchased a new stake in shares of Eros International PLC during the 1st quarter worth $256,000. American International Group Inc. lifted its stake in shares of Eros International PLC by 7.1% during the 1st quarter. American International Group Inc. now owns 18,219 shares of the company’s stock worth $188,000 after purchasing an additional 1,205 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Eros International PLC by 3.4% during the 1st quarter. Bank of New York Mellon Corp now owns 119,483 shares of the company’s stock worth $1,230,000 after purchasing an additional 3,897 shares during the last quarter. Institutional investors and hedge funds own 57.70% of the company’s stock.
Eros International PLC (NYSE:EROS) opened at $12.85 on Monday. Eros International PLC has a 1 year low of $6.65 and a 1 year high of $18.10. The stock has a market capitalization of $620.39, a PE ratio of 1,285.00, a P/E/G ratio of 4.08 and a beta of 0.57. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.30 and a current ratio of 1.30.
Eros International PLC (NYSE:EROS) last announced its earnings results on Friday, October 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.01). Eros International PLC had a net margin of 0.20% and a return on equity of 0.03%. The business had revenue of $60.83 million for the quarter. equities analysts predict that Eros International PLC will post 0.21 earnings per share for the current fiscal year.
A number of equities research analysts recently weighed in on the company. BidaskClub cut Eros International PLC from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. Wells Fargo & Company restated an “outperform” rating on shares of Eros International PLC in a research note on Wednesday, August 9th. ValuEngine cut Eros International PLC from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Zacks Investment Research upgraded Eros International PLC from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, Jefferies Group LLC restated a “buy” rating and set a $17.00 price objective (up from $15.00) on shares of Eros International PLC in a research note on Monday, October 9th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. Eros International PLC presently has a consensus rating of “Hold” and a consensus target price of $17.00.
About Eros International PLC
Eros International Plc (Eros) is a holding company, which serves the Indian film entertainment industry. The Company’s principal activities include the acquisition, co-production and distribution of Indian films and related content. It distributes its film content through the distribution channels, such as theatrical, including multiplex chains and standalone theaters; television syndication, including satellite television broadcasting, cable television and terrestrial television; digital and ancillary, including music, inflight entertainment, home video, Internet protocol television (IPTV), video on demand (VOD), and Internet channels and Eros Now.
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